Good luck with your endeavor. Do you have any prior title experience? If so, good. If not, my suggestion is that you work under an attorney doing titles at least 2 years before you even try and venture out. Title companies want abstractors with alot of experience. The errors and omissions insurance is your first big investment. About $2,000 a year, depending on your state. Also, a laser printer; my printer was $800 but also included a fax and copy machine that will copy letter and legal size paper. Take some classes at your local community college regarding title abstracting. I thought when I first got started that it was going to be easy, it took about 3-5 years to get my name out there and get a good client base. This is also depending upon where you are located. So don't think that this is going to be a get rich overnight business. Many people think this job is easy and stress-less. Think again. This is YOUR business and you have to budget yourself, pay quarterly taxes and pray that you will get companies that won't get you to do $2,000 worth of title work and then skip town and leave you dry. Believe me, they will. I have about $5,000 owed to me right now that I have not been able to locate the companies since they closed up and skipped town.
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